Pratik Panels Ltd (526490)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Pratik Panels' revenue was ₹1.7 Cr (+0.0% year on year, -44.1% on the previous quarter), and net profit ₹0.1 Cr (-60.5% year on year); the operating margin was -3.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.7 | +0.0% | -44.1% |
| Operating profit | ₹-0.1 | to loss | to loss |
| Net profit | ₹0.1 | -60.5% | -75.0% |
| EPS (₹) | 0.01 | -75.0% | -83.3% |
| Operating margin | -3.1% | — | — |
📢 Recent Corporate Announcements
Pratik Panels announced the resignation of Mr. Swapnil Sharad Shimpi from the dual role of Whole-Time Director and Chief Financial Officer (CFO), effective August 14, 2026. Concurrently, the Board approved the appointment of Mr. Jileshkumar Lagdhirbhai Desai as Whole-Time Director and CFO for a 3-year term spanning August 14, 2026, to August 13, 2029, subject to shareholder approval. The company, which operates with a 0.0% promoter holding and an annual FY26 revenue of ₹10.79 crore, also approved its Q1 FY27 standalone unaudited financial results.
- Resignation of Swapnil Sharad Shimpi as Whole-Time Director & CFO effective August 14, 2026
- Appointment of Jileshkumar Lagdhirbhai Desai as Whole-Time Director & CFO for 3 years (August 14, 2026 to August 13, 2029)
- New CFO brings 5 years of experience in sales and construction of bank works with a B.Sc degree
- Appointment is subject to shareholder approval at the ensuing Annual General Meeting
Pratik Panels reported a 61.0% YoY decline in standalone net profit to Rs 9.49 lakh for the quarter ended June 30, 2026, compared to Rs 24.35 lakh in Q1 FY26. Revenue from operations remained flat YoY at Rs 172.05 lakh (Rs 1.72 crore) versus Rs 171.60 lakh in the year-ago period, while declining 44.1% sequentially from Rs 307.74 lakh. Operating profitability was squeezed by an increase in other expenses (Rs 17.68 lakh vs Rs 4.83 lakh YoY) and employee costs (Rs 6.16 lakh vs Nil YoY). Consequently, Basic EPS dropped to Rs 0.01 from Rs 0.04 in Q1 FY26.
- Revenue from operations was Rs 172.05 lakh, nearly flat YoY (+0.3%) and down 44.1% QoQ from Rs 307.74 lakh
- Net profit fell 61.0% YoY to Rs 9.49 lakh from Rs 24.35 lakh in Q1 FY26
- Profit before tax stood at Rs 12.68 lakh compared to Rs 27.84 lakh in the year-ago period
- Total expenses rose to Rs 177.79 lakh from Rs 161.54 lakh in Q1 FY26, driven by higher other expenses and employee costs
- Basic and diluted EPS declined to Rs 0.01 for the quarter vs Rs 0.04 in Q1 FY26
Pratik Panels Limited announced the approval of its unaudited standalone financial results for the quarter ended June 30, 2026, during its board meeting on August 14, 2026. The Board accepted the resignation of Mr. Swapnil Sharad Shimpi as Whole-Time Director and Chief Financial Officer with immediate effect. To fill the vacancy, Mr. Jileshkumar Lagdhirbhai Desai was appointed as Whole-Time Director and CFO for a 3-year term ending August 13, 2029, subject to shareholder approval. The company currently has a market capitalization of Rs 26 Cr and zero promoter holding.
- Swapnil Sharad Shimpi resigned as Whole-Time Director and CFO effective August 14, 2026
- Jileshkumar Lagdhirbhai Desai appointed as Whole-Time Director and CFO for a 3-year tenure (August 14, 2026 to August 13, 2029)
- Approved standalone unaudited financial results for the quarter ended June 30, 2026
- Board meeting conducted in 30 minutes, starting at 4:00 p.m. and concluding at 4:30 p.m. on August 14, 2026
Pratik Panels Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing for a micro-cap company with a market capitalization of Rs 28 Cr. Investors will be monitoring if the company can maintain the growth momentum seen in FY26, where revenue rose to Rs 10.79 Cr from Rs 3.06 Cr in FY25. The company currently operates with zero debt and a high ROCE of 33.1%, though promoter holding remains at 0.0%.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Company reported a significant revenue increase to Rs 10.79 Cr in FY26 from Rs 3.06 Cr in FY25.
- Promoter holding remains at 0.0% as of the June 2026 quarter.
- The company maintains a debt-free balance sheet (D/E of 0.00).
Pratik Panels Ltd has officially revoked its proposed Rights Issue, which was originally announced on May 7, 2026. The decision was finalized during a Rights Issue Committee meeting on July 15, 2026, following a recommendation from the Board of Directors. The company cited 'unavoidable circumstances' for the cancellation but did not provide specific details. This withdrawal of a capital-raising plan occurs against a backdrop of a 26.7% decline in the company's share price over the last 12 months.
- Rights Issue originally announced on May 7, 2026, has been officially revoked
- Decision made during a committee meeting held on July 15, 2026, between 5:30 P.M. and 6:15 P.M.
- Revocation follows a recommendation from the Board of Directors made earlier the same day
- Company stock has seen a 12-month price return of -26.7%
- Reason for revocation cited as 'unavoidable circumstances' without further elaboration
Pratik Panels Ltd has decided to cancel its proposed Rights Issue, which was originally approved by the Board on May 7, 2026. The Rights Issue Committee, in a meeting held on July 15, 2026, cited 'unavoidable circumstances' for the revocation. This decision follows a period of significant share price decline, with the stock down 26.7% over the last 12 months. The withdrawal of the fundraise means the company will not receive the intended capital infusion at this time.
- Rights Issue originally announced on May 7, 2026, has been officially revoked
- Decision taken during the Rights Issue Committee meeting held on July 15, 2026
- The committee meeting concluded within 45 minutes (5:30 P.M. to 6:15 P.M.)
- Company stock has underperformed with a -26.7% return over the past year
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
